Issue - meetings

Cabinet, at its meeting on 4 February 2019, considered a report on the council’s treasury management strategy (TMS) for 2019/20 and set out the expected treasury operations for this period.

The Joint Audit and Governance Committee considered the report at its meeting on 28 January 2019 and had not recommended any adjustments to the strategy. 

The report of the head of finance, which Cabinet considered on 4 February 2019, is attached.

RECOMMENDATION to Council to:

(a)      approve the treasury management strategy 2019/20, set out in appendix A to the head of finance’s report to Cabinet on 4 February 2019; 

(b)      approve the prudential indicators and limits for 2019/20 to 2021/22, as set out in appendix A to the head of finance’s report; and 

(c)       approve the annual investment strategy 2019/20, set out in appendix A (paragraphs 41 to 82) to the head of finance’s report, and the lending criteria detailed in table 5. 

Council considered Cabinet’s recommendations, made at its meeting on 4 February 2019, on the council’s treasury management strategy for 2019/20.

The Joint Audit and Governance Committee considered the report at its meeting on 28 January 2019 and had not recommended any adjustments to the strategy. Cabinet agreed to recommend Council approve the strategy. 

RESOLVED: to

1.    approve the treasury management strategy 2019/20, as set out in appendix A to the head of finance’s report to Cabinet on 4 February 2019; 

2.    approve the prudential indicators and treasury limits for the period 2019/20 to 2021/22, as set out in appendix A to the head of finance’s report to Cabinet on 4 February 2019; and

3.    approve the annual investment strategy 2019/20, as set out in appendix A (paragraphs 41 to 82), to the head of finance’s report to Cabinet on 4 February 2019, and the lending criteria detailed in table 5.

To consider the head of finance’s report.